Deron Williams will not sign extension with New Jersey Nets

Posted by
Inside Hoops

Dec
1

Deron Williams’ agent said his client will play out this season and take his chances as a free agent.

“Deron will not be signing the extension,” Jeff Schwartz told The Record this afternoon. “Based on the new rules it doesn’t make any sense for him to sign the extension. It has nothing to do with how much he likes New Jersey. Because of the rules, he’s going to play the season out and opt out of his deal.”

As The Record reported in today’s editions, sources with knowledge of the Nets thinking had been resigned to the fact that the chances of Williams’ signing an extension were slim.

According to the new rules, Williams can get a two-year extension from the Nets for roughly $39 million that would be tacked on to the two years, $31 million he has remaining on his deal. If Williams opts out after the season, he could get five years, and about $101 million from the Nets or four years and $73 million from another team.